Homeowners facing foreclosure may take some solace in this; even West Palm Beach retail monolith CityPlace is wrestling with its lenders for a loan modification.
The outdoor shopping complex, celebrated for reinventing downtown, last paid on its $150 million loan in February, sending it into 90-day delinquent status last month.
Although retail occupancy remains high at 93 percent, according to a March report from Fitch Ratings, a recent appraisal of the property listed its value at $143 million, down from a boom-time value of $233 million.